Common use of Additional Contribution for Major Maintenance Event Clause in Contracts

Additional Contribution for Major Maintenance Event. Subject to the requirements for reimbursements for Major Maintenance Event as required in Section 1.1 through 1.3 having been met; Lessor will contribute the following amounts (in addition to the reimbursements contemplated by Section 1.3 above): ALA MSN 2851 – Global Crossing Airlines (a) Upon completion of the first Engine Refurbishment during the Term, an amount equal to the lesser of: (i) the product of (a) the number of engine Flight Hours (measured as of the Delivery Date) consumed on such Engine or Engine module since completion of the Engine Refurbishment shop visit of such Engine or Engine module prior to the Delivery Date (or since new if the Engine has not completed or undergone any Engine Refurbishment shop visit) multiplied by (b) the Engine Refurbishment Maintenance Rent rate in effect on the Delivery Date, calculated in accordance with the previous operator’s hour/cycle utilization ratio since the last Engine Refurbishment shop visit of such Engine and allocated on a per module basis; and (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the relevant Maintenance Rent Balance paid by Lessee with respect to the Engine Refurbishment deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (b) Upon completion of the first APU Overhaul during the Term, an amount equal to the lesser of: (i) the product of (a) the number of APU Hours (measured as of the Delivery Date) consumed on such APU since completion of the last overhaul of such APU prior to the Delivery Date multiplied by (b) the APU Maintenance Rent rate in effect on the date of the commencement of the Overhaul ; and (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the APU deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (c) Upon completion of the first Landing Gear Overhaul during the Term, an amount equal to the lesser of: (i) the product of (a) the number of calendar months (measured as of the Delivery Date and prorated for partial calendar months) consumed on the Landing Gear since completion of the last Landing Gear overhaul prior to the Delivery Date (or since new if an overhaul has never been completed on the Landing Gear) multiplied by (b) the Landing Gear Maintenance Rent rate in effect on the date of commencement of the Overhaul ; and ALA MSN 2851 – Global Crossing Airlines (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the Landing Gear deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (d) Upon completion of the replacement of each Engine LLP for the first time during the Term, an amount equal to the difference between the (a) the cost of the Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the relevant Engine LLP as of the time of removal of the relevant Engine.

Additional Contribution for Major Maintenance Event. Subject to the requirements for reimbursements for Major Maintenance Event as required in Section 1.1 through 1.3 having been met; Lessor will contribute the following amounts (in addition to the reimbursements contemplated by Section 1.3 above): ALA MSN 2851 – Global Crossing Airlines): (a) Upon completion of the first Engine Refurbishment during the Term, an amount equal to the lesser of: (i) the product of (a) the number of engine Flight Hours (measured as of the Delivery Date) consumed on such Engine or Engine module since completion of the Engine Refurbishment shop visit of such Engine or Engine module prior to the Delivery Date (or since new if the Engine has not completed or undergone any Engine Refurbishment shop visit) multiplied by (b) the Engine Refurbishment Maintenance Rent rate in effect on the Delivery Date, calculated in accordance with the previous operator’s hour/cycle utilization ratio since the last Engine Refurbishment shop visit of such Engine and allocated on a per module basis; and (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the relevant Maintenance Rent Balance paid by Lessee with respect to the Engine Refurbishment deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (b) Upon completion of the first APU Overhaul during the Term, an amount equal to the lesser of: (i) the product of (a) the number of APU Hours (measured as of the Delivery Date) consumed on such APU since completion of the last overhaul of such APU prior to the Delivery Date multiplied by (b) the APU Maintenance Rent rate in effect on the date of the commencement of the Overhaul ; and (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the APU deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (c) Upon completion of the first Landing Gear Overhaul during the Term, an amount equal to the lesser of: (i) the product of (a) the number of calendar months (measured as of the Delivery Date and prorated for partial calendar months) consumed on the Landing Gear since completion of the last Landing Gear overhaul prior to the Delivery Date (or since new if an overhaul has never been completed on the Landing Gear) multiplied by (b) the Landing Gear Maintenance Rent rate in effect on the date of commencement of the Overhaul ; and ALA MSN 2851 2830 – Global Crossing Airlines Airlines (ii) the positive difference, if any, between (a) the cost of that Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the Landing Gear deducting any amounts already paid by Lessor under this Part 2 of Schedule 3 in relation to that Reimbursement Item. (d) Upon completion of the replacement of each Engine LLP for the first time during the Term, an amount equal to the difference between the (a) the cost of the Major Maintenance Event, and (b) the balance, at the date of the completion of the Major Maintenance Event, of the Maintenance Rent Balance paid by Lessee with respect to the relevant Engine LLP as of the time of removal of the relevant Engine.